DNA News Agency

Diplomatic News Agency

CPEC to boost investment climate for decades

ISLAMABAD, JUN 15 (DNA) – Islamabad Chamber of Small Traders (ICST) Thursday said investment climate has been improved slightly while the China Pakistan Economic Corridor (CPEC) would boost it for decades.

“The economic corridor will not only boost Pakistan’s economy but will also contribute to the improved investment climate in the country,” Patron Islamabad Chamber of Small Traders Shahid Rasheed Butt said.

Pakistan needs investment of 20 percent of GDP to achieve required economic growth as the current rate of investment was keeping GDP growth rate under stress, he added

He said the last year’s investment target was 17.7 percent while it remained 15.8 percent, slightly improved than the corresponding year.

Butt said the private investment dropped from 10.2 percent to 9.9 percent against the target of 12.2 percent.=DNA